KEY TAKEAWAYS
- Alchemy Pay secures a Money Transmitter License in South Dakota, marking its 13th U.S. state license.
- The license enhances Alchemy Pay’s ability to offer regulated fiat-crypto exchange services in the U.S.
- Alchemy Pay plans to launch a stablecoin and develop a stablecoin-based Layer 1 blockchain.
- Global compliance achievements include registrations in Australia, South Korea, and Switzerland.
Alchemy Pay, a leading provider of fiat-crypto payment solutions, has been granted a Money Transmitter License (MTL) by the South Dakota Division of Banking. This development marks a significant step in Alchemy Pay’s strategic expansion within the United States, enhancing its ability to offer secure and regulated services for transitioning between traditional fiat and digital economies. The announcement was made here.
South Dakota is the fifth U.S. state where Alchemy Pay has secured a license since early 2025, bringing its total to 13 states. The company now holds active MTLs in Arkansas, Iowa, Minnesota, New Hampshire, New Mexico, Oklahoma, Oregon, Wyoming, Arizona, South Carolina, Kansas, West Virginia, and South Dakota, with further regulatory progress underway.
Strengthening Regulatory Compliance and Service Expansion
The acquisition of the South Dakota license strengthens Alchemy Pay’s capacity to support compliant fiat-crypto exchange services. These regulatory efforts are crucial for the company’s RWA platform, which aims to facilitate the world’s first fiat-to-RWA access. This platform will enable users to purchase tokenized stocks using fiat currencies and familiar payment methods.
In addition to its regulatory achievements, Alchemy Pay is working on expanding its payment services, planning the launch of its own stablecoin, and developing Alchemy Chain, a stablecoin-based Layer 1 blockchain.
Global Compliance Milestones
Beyond the United States, Alchemy Pay has achieved significant compliance milestones in major global markets over the past year. In 2025, the company secured a Digital Currency Exchange Provider registration in Australia, an Electronic Financial Business registration in South Korea, and admission to the Association for Quality Assurance of Financial Services in Switzerland. Additionally, through a strategic investment in HTF Securities Limited, Alchemy Pay gained shared licenses in Hong Kong.
These achievements underscore Alchemy Pay’s commitment to regulatory compliance and its position as a trusted global payment leader, dedicated to building secure and compliant financial infrastructure.
Why This Matters: Impact, Industry Trends & Expert Insights
Alchemy Pay’s acquisition of a Money Transmitter License in South Dakota marks a significant expansion of its regulatory footprint in the U.S., enabling it to offer compliant fiat-crypto exchange services in 13 states.
Recent industry reports indicate that the U.S. money transmission sector is undergoing regulatory modernization, with many states adopting standardized frameworks to include cryptocurrency businesses. This aligns with Alchemy Pay’s recent licensing in South Dakota, reflecting the broader trend of expanding regulatory scope to accommodate new payment platforms.
As per insights from Crowdfund Insider, Alchemy Pay’s regulatory compliance significantly enhances its operational capabilities and market position, enabling compliant fiat-to-crypto transactions and access to tokenized U.S. stocks. This supports Alchemy Pay’s strategic expansion in the U.S. and its evolution towards a comprehensive crypto-finance ecosystem.
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
